Xiaomi has begun phone production in Vietnam, according to a Nikkei report on Tuesday. The firm is using the country as a base to strengthen its presence in Vietnam and other Southeast Asian countries, like Malaysia and Thailand. Nikkei, citing local media reports, revealed that Xiaomi has entrusted production to DBG Technology, which runs a […]
On May 29, a Xiaomi TV user took to Weibo to complain that the TV’s display screen had fallen out of the TV frame. Two days later, another user also posted a similar experience with their Xiaomi TV. The consumer electronics company later admitted that this issue exists in two batches of its EA70 TV […]
Chinese smartphone maker Xiaomi released Q4 and 2021 earnings on Tuesday. Xiaomi smartphone shipments hit a new record, growing 30% year-over-year to 190.3 million units globally. Xiaomi’s 2021 revenue up 33.5% in a year to RMB 328.3 billion ($51.49 billion), while gross profit grew 58.5% to RMB 58.26 billion. The company earned RMB 85.58 billion in revenue in Q4 with a 29.4% quarterly growth. In addition, the company’s Internet of Things (IoT) and lifestyle products have also seen a 26.1% yearly increase. [Xiaomi press release]
Smartmi, a Chinese home appliance manufacturer backed by smartphone maker Xiaomi, has formed a small group researching electric vehicles (EVs) and is in the early phase, according to Xiaomi’s spokesman Wang Hua’s Tuesday Weibo post. Wang was responding to Chinese media reports of Smartmi considering making EVs, to which Wang said Xiaomi wasn’t aware. Wang added that Xiaomi is not involved in Smartmi’s decision-making process. [Wang Hua’s Weibo, in Chinese]
With the new 12S series, Xiaomi has hoped to compete with rivals by offering high-end smartphones at a competitive price.
Xiaomi reported a fall in adjusted net profit for the fourth consecutive quarter on August 19, with the company posting figures of RMB 2.1 billion ($310 million) for the second quarter of 2022, according to Caixin. That represents a drop of 67.1% compared to the same quarter last year. Xiaomi’s net profit and revenue both […]
Lei Jun, CEO of major Chinese phone maker Xiaomi, stated on Wednesday that the company’s second smart factory will begin production in late 2023. A representative from the consumer electronics firm told TechNode that the firm began building the fully automated factory in Beijing’s suburban Changping district last July. Covering 58,300 square meters, the new factory is expected to have an annual output of 10 million smartphones, with an estimated production value of $60 billion. Xiaomi’s first smart factory is also located on the outskirts of Beijing, in Yizhuang, and began operating in 2019. [Xiaomi statement, in Chinese]
Chinese smartphone maker Xiaomi has set up a new private equity fund of RMB 1.1 billion ($172.7 million), according to public registration information disclosed by the Asset Management Association of China. Lei Jun, Xiaomi’s co-founder and CEO, manages the fund. The fund was established in May and registered on Monday. [Jiemian, in Chinese]
Multiple users reported that their Mijia smart home appliances, ranging from lights to air conditioning units, have been offline and unresponsive since Thursday night, according to a report by Chinese media outlet Jiemian. Xiaomi’s smart home brand responded on its Weibo account that its app and voice control functions were temporarily down due to network […]
Xiaomi revealed a new foldable smartphone, the Xiaomi Mix Fold 2, on Thursday, boasting a folded thickness close to that of a regular phone.